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BB&T upgrades YRC Worldwide (YRCW) to Hold from Underweight. Shares rose a monumental 41%...

BB&T upgrades YRC Worldwide (YRCW) to Hold from Underweight. Shares rose a monumental 41% Friday after the company said Q1 operating income was positive for the first time in six years. "One of the stigmas in the marketplace about you guys [is that you have] older equipment," BB&T analyst Thomas Albrecht says on the call. "I don't lose a lot of sleep" over that, responds CEO James Welch, "our equipment is decent." Albrecht also sounds a positive note about pricing, even as management is more conservative. Shares +4% premarket. (transcript)
Comments (1)
  • Michael Bryant
    , contributor
    Comments (5369) | Send Message
     
    Well, (YRCW) posted another 41% gain today. Within less than 5 days, shares have doubled. Sure, I am bullish on the stock, but one can sense profit-taking coming soon.
    6 May 2013, 09:30 PM Reply Like
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